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Topping Up $7,000 into my CPF Special Account (SA) for tax deductions

Last month, I decided to top up my CPF Special Account since that account gives me 4% yield risk free. My calculations showed that I can reduce my tax bill by $7k x 15% = $1050, without even taking into […]

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Renewing rental property contracts

Every 2 years, I have to renegotiate the property lease with the tenant.  If the tenant was good, I usually extend their lease – it’s pretty much a no brainer, unless they’re lowballing me. Costs to factor in when you […]

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Renting out a room in our spare apartment

We have a spare apartment in the Northeastern end of Singapore for my parents to stay when they visit, and it’s empty about 90% of the time. To gain some extra income, I decided to rent out the 2 rooms […]

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I stayed in my parents’ rental property for too long

I stayed in my parent’s rental property for too long. It was near the office, hence everything was so convenient, walking distance in fact.  I stayed for 7 years, and I missed out on 7 years of extra dividend income. […]

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Having a high savings rate right early on

The day I received my first paycheck was memorable.  At 23, I remember feeling I was financially independent, and I didn’t need to spend my parents money anymore.  So I spent about 80% of my salary for the first 3 […]

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